Saudi and Russia line up $3bn in investment deals:
"The bonhomie between the world’s two biggest energy players is about to get closer. Saudi Arabian and Russian companies will sign investment deals worth more than $3bn this week, Russia’s energy minister said, as part of a landmark state visit to Moscow by the country’s King. The two countries will create a $1bn fund to invest in energy projects, alongside a deal to pump $150m into Russia’s Eurasia Drilling Company, and a $1.1bn agreement for Russian petrochemical company Sibur to build a plant in Saudi Arabia, Alexander Novak told the FT. "
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